Entain (LSE: ENT) reported a 2% increase in net gaming revenue (NGR) for Q3 2026, as strong UK growth helped offset a steep downturn in Brazil and unfavorable sports betting results.

In a trading update, the Ladbrokes and Coral owner reported a 3% increase in online NGR during the quarter ending September 30. Online casino revenue grew 8%, while sports betting NGR declined 3%.

Entain maintained its FY2026 guidance, forecasting online NGR growth of 4% to 6%. It said underlying EBITDA would fall at the lower end of the £910 million ($1.22 billion) to £960 million ($1.29 billion) range.

Company CEO Stella David expressed confidence in the company’s performance.

“I am pleased with our Q3 performance which reflects the strength of our execution and reinforces the resilience of our globally scaled business as well as its ability to consistently deliver high-quality growth,” she said.

“The underlying momentum we are seeing across our diverse portfolio supports our confidence in reiterating FY26 guidance.”

Entain’s UK and Ireland business was the standout performer during the quarter. Online NGR rose 14%, ahead of management expectations.

Online gaming revenue increased 17%, while sports betting revenue grew 3%. The company also reported 15% growth in underlying online volumes, which it said was the result of a gain of market share.

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